FOMC decided to raise the FF rate by 0.25 percentage points, and USD/JPY climbed to as high as 156.41 yen.

【9/16Market Overview

Tokyo time, USD/JPY rose to around155.48yen on domestic demand for dollars,FOMCahead, with gains gradually fading. In European hours, USD/JPYFOMCoutcome and the outlook of Chair Powell's remarks were watched, leading to a narrow range around155yen.NYtime,FOMCmeeting, as expected by the market,FF0.25% hike was decided. The statement noted that the decision was unanimous. At the same time, the publishedFOMCdot plot showed expectations for rates2026year-end median at4.125% from the previous3.750%, implying one more 0.25%0.25point rate hike this year. USD/JPY rose to156.41yen.

【9/17Market View